KAURI TIMBER CO.
By Teleeraph—Press AssoclaUon-Oowrieht Melbourne, December 8 At tho annual meeting of the Kauri Timber Company, tho report was adopted.
The chairman stated that since the close or the financial year the company had secured a fair quantity of fresh bu<=h the cost of which would absorb Borao of tho cash in hand. Referring to the recent alterations in tho tariff, ho said the effect would bo to raise the prico of butterbox*, a 3 in producing tho bettor grades for the butter business they would bo compelled to mate a largo quantity suitable only for fruit-cases. If the market tor this class were restricted or taxed heavily tho price of tho better classes would have to be raised to compensate for the loss on tho lower grades. The outlook for the current year is encouragin?. I hero are good inquiries for for ward business. It is expected to pav a half-yearly dividend in June. ?
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Bibliographic details
Dominion, Volume 5, Issue 1307, 9 December 1911, Page 5
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157KAURI TIMBER CO. Dominion, Volume 5, Issue 1307, 9 December 1911, Page 5
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